The global LED flood light market size reached US$ 7.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.2 Billion by 2028, exhibiting a growth rate (CAGR) of 11% during 2023-2028.
LED Flood Light Market Size in 2022
US$ 7.1 Billion
LED Flood Light Market Forecast in 2028
US$ 13.2 Billion
LED Flood Light Market Growth Rate (2023-2028)
LED flood lights are a type of lighting fixtures used for illuminating large areas like stadiums, yards, stages, private gardens and home living spaces. These fixtures offer numerous advantages over other lighting sources, like fluorescent and CFL systems. They are environment-friendly in nature as they do not generate infrared or UV radiation and help in reducing the carbon footprint on account of their low electricity requirements. They also have a highly durable design owing to which they require minimum maintenance. At present, the demand for LED flood lights is rising as governments of various nations are supporting the usage of these fixtures as a step towards sustainable development.
In recent years, LED flood lights have been increasingly used for outdoor lighting in several commercial and industrial applications such as security perimeters, stadiums and warehouses. Besides this, the utilization of LED flood lights helps building owners and managers in saving operating and maintenance costs as these lighting solutions do not consume as much energy as traditional lighting technologies. Apart from this, these lights are also becoming popular across both the residential and commercial sectors as they help in reducing the overall ambient room temperature. Moreover, flood lights cater to the rising demand for green lighting technology as they have cool beam bulbs and offer optimum luminous efficacy. On account of these properties, the LED flood lights market is expected to attract numerous investments in the near future.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global LED flood light market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on application.
Breakup by Application:
Retail & Hospitality
On the basis of the application, LED lighting is majorly used for retrofitting purposes wherein the inefficient lighting sources are replaced with LED lights in order to enhance optical performance and energy efficiency.
On the geographical front, China represents the largest market for LED lighting, holding the majority of the global market share. This can be attributed to increasing urbanization, implementation of local energy saving targets and introduction of financial subsidies to promote the usage of LED lights across the nation.
The competitive landscape of the LED lighting industry has also been analyzed with detailed information about the key players operating in the market across the globe.
Base Year of the Analysis
India, China, Europe, United States, Japan, Brazil, Russia, Others
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global LED flood light market was valued at US$ 7.1 Billion in 2022.
We expect the global LED flood light market to exhibit a CAGR of 11% during 2023-2028.
The rising demand for green lighting technology, along with the growing utilization of LED flood lights in several commercial and industrial applications is primarily driving the global LED flood light market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for LED flood lights.
Based on the application, the global LED flood light market can be segmented into retrofit, retail & hospitality, outdoor, offices, architectural, residential, and industrial. Currently, retrofit holds the majority of the total market share.
On a regional level, the market has been classified into India, China, Europe, United States, Japan, Brazil, Russia, and others, where China currently dominates the global market.
Need more help?
Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization
Get in Touch With Us
IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.
The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required
We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra
The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.
I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.
We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.